growney review 2026

growney charges a service fee of 0.68% p.a. on depot values below €50,000 and 0.38% p.a. from €50,000. On top come the product costs of the ETFs used, which growney puts at 0.06% to 0.22% p.a. depending on the investment strategy; for the sustainable strategies the provider cites an average of around 0.20% p.a. Across all strategies the average is thus around 0.14% p.a. No further costs apply: transaction costs, depot management charges and front-end loads are included in the service fee, and growney charges no performance-based fee. For a typical depot below €50,000, total costs therefore add up to roughly 0.8% p.a. – a solid but not a top figure in the German robo-advisor market. quirion and bevestor, among others, are cheaper. Scoring (24/32): The service fee of 0.68% p.a. at the entry level falls in the "≤ 0.80%" category and earns 8 out of 16 points. The average fund costs of around 0.14% p.a. are below 0.20% and give the full 10 points. Since neither transaction costs nor a performance fee apply, there are the full 6 points for other costs.

growney offers ten investment strategies: five classic (grow20 to grow100) and five sustainable (green20 to green100), distinguished by an equity share of 20 to 100 percent. Each strategy uses between three and eleven ETFs, with products from iShares, Vanguard and Xtrackers. The investment universe covers shares and bonds worldwide, but no other asset classes such as commodities or property. Allocation to the right strategy is done via a questionnaire on investment horizon, risk appetite and investment goal. With five risk levels per variant, growney meets the requirement for differentiated risk profiling. Rebalancing takes place automatically so the portfolio does not drift from the chosen equity share. Scoring (19/25): The investment universe covers shares and bonds worldwide but no further asset classes – that corresponds to 7 out of 10 points. Risk profiling with a questionnaire and five equity-share levels per variant brings the full 8 points. For rebalancing we could verify automatic implementation but found no publicly documented trigger rules such as deviation thresholds or fixed dates; we therefore award only 4 out of 7 points.

growney runs its own performance page showing the development of all investment strategies since launch in May 2016. That gives a track record of over nine years per strategy – well over the three years required. In addition, growney regularly publishes quarterly and anniversary reports on the development of the ETF portfolios. On portfolio disclosure, growney is more reserved. The provider names the ETF providers used and describes the asset classes per strategy, but we could not publicly find a complete list of all funds used with ISINs before signing a contract. The cost side, by contrast, is clearly laid out: service fee and fund costs are shown together with the scale in one place. Scoring (15/18): For the published performance per strategy over more than three years there are the full 8 points. Since only asset classes and ETF providers, but not the individual funds with ISINs, are shown publicly, we award 3 out of 6 points for portfolio disclosure. The cost breakdown shows service fee and product costs together at a glance and receives the full 4 points.

The minimum investment is €500, and a savings plan is possible from €25 a month. That makes growney accessible even to beginners with small amounts. There is no minimum term, the investment account can be cancelled at any time, and partial withdrawals are possible at no extra cost. A limitation is that we could not verify a freely selectable execution rhythm for the savings plan – monthly execution is documented. Switching between investment strategies is possible without a separate fee. Scoring (13/15): The minimum investment of €500 is in the best level and earns the full 6 points. For the savings plan, the minimum instalment of €25 is low, but a freely selectable rhythm cannot be verified – for that there are 3 out of 5 points. Cancellation at any time at no cost, with possible partial withdrawals, gives the full 4 points.

growney has BaFin's permit for financial portfolio management and is subject to German financial supervision. Client money is held, according to growney, at Deutsche Bank, Sutor Bank (both Germany) and the Dutch ABN AMRO. The securities are segregated assets and do not form part of the insolvency estate if the custodian bank becomes insolvent; for balances in the settlement account, the statutory deposit protection up to €100,000 applies. On digital access, growney is weaker than the competition: there is no native app for iOS and Android, and customers use a web application in the browser. Customer service can be reached Monday to Friday from 9 am to 6 pm by phone on a Berlin number as well as by email and live chat in German. Scoring (8/10): A German custodian bank and a BaFin permit as an asset manager give the full 5 points. Since only a web portal and no native app for iOS and Android exists, we award just 1 out of 3 points here. Phone advice in German brings the full 2 points.